May 2024 – Page 62 – UAG Trade Asia

Holiday Inn Owner IHG Reports 2.6 Rise in Quarterly Room Revenue

May 3, 2024
Business
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May 3 Reuters Holiday Inn owner Intercontinental Hotels Group IHG posted a 2.6 rise in firstquarter room revenue on Friday, helped by its performance in Japan, Australia, Europe and the Middle East. There was an impressive performance in EMEAA, which was up nearly 9, CEO Elie Maalouf said in a statement, referring to Europe, the UK, […]

May 3, 2024
Business
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May 3 Reuters Germany39;s Daimler Truck AG posted firstquarter core profit of 1.21 billion euros 1.30 billion on Friday, beating the consensus estimate of 1.17 billion euros in a company poll, driven by a strong performance of its Trucks North America business. Firstquarter core profit adjusted earnings before interest and taxes at Daimler Truck39;s North American […]

May 3, 2024
Business
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BERLIN, May 3 Reuters German consumer goods company Henkel slightly raised its guidance for 2024 on Friday, saying strong performance in the first quarter had boosted its sales and earnings outlook. The group raised its guidance for fullyear organic sales growth, now expecting an increase of 2.5 to 4.5 compared with a previous target of 2.0 […]

May 3, 2024
Business
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BENGALURU, May 3 Reuters Indian real estate developer Godrej Properties reported a fall in fourthquarter revenue on Friday, weighed by muted pricing in the key market of Mumbai. Shares of the company dipped after results, but recouped losses to trade up 0.3 as of 156 p.m. IST. WHY IT39;S IMPORTANT Indian real estate developers have been […]

FTSE 100 on Track for yet Another Record High while Dow and S&P 500 Recover

Outlook on FTSE 100, DOW and S&P 500 ahead of US Non-Farm Payrolls.

May 3, 2024
Finance
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LONDON, May 2 Reuters The British pound slipped against the dollar, having risen the day before after the Federal Reserve39;s policy meeting, while investors were playing down the impact UK local elections on Thursday might have on the currency. The pound was last down 0.1 against the dollar at 1.2509, having risen 0.3 the day […]

Market Update – Apple Soars, Gold Struggles, USD and VIX Slip, Sentiment Positive Ahead of NFPs

Risk markets are mildly positive ahead of the latest US Jobs Report (NFPs) after the 2nd largest company in the world, Apple, announced a record-breaking USD110 billion buyback program.

Commercial Aircraft, Motor Vehicles Lift US Factory Orders

WASHINGTON, May 2 Reuters New orders for U.S.manufactured goods increased solidly in March, boosted by demand for commercial aircraft and motor vehicles, but gains elsewhere were moderate. Factory orders rose 1.6 after gaining 1.2 in February, the Commerce Department39;s Census Bureau said on Thursday. The increase in orders was in line with economists39; expectations. Orders […]

May 3, 2024
Business
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May 2 Reuters PopTarts maker Kellanova on Thursday beat Wall Street estimates for firstquarter sales and profit on higher prices and firm demand for its breakfast cereals and readytoeat snacks, sending its shares up about 9 in early trading. Kellanova39;s diverse portfolio, which includes Grahams Crackers, NutriGrain breakfast bars and frozen food like Morningstar Farms, and […]

May 3, 2024
Business
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May 2 Reuters U.S. law firm Mayer Brown said on Thursday that it plans to separate from its current Hong Kong operations, as many international law firms rethink or reduce their presence in China. Chicagofounded, 1,800lawyer Mayer Brown said it plans to continue to operate in Hong Kong through a new partnership focused on corporate […]

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Holiday Inn Owner IHG Reports 2.6 Rise in Quarterly Room Revenue

North America Srives Daimler Truck to Core Profit Beat

Germanys Henkel Raises 2024 Outlook on Strong Q1

Indias Godrej Properties Reports Q4 Revenue Drop as Muted Pricing Weighs

FTSE 100 on Track for yet Another Record High while Dow and S&P 500 Recover

GBP Gives Back some FedInspired Gains, Eyes on Local Elections

Market Update – Apple Soars, Gold Struggles, USD and VIX Slip, Sentiment Positive Ahead of NFPs

Commercial Aircraft, Motor Vehicles Lift US Factory Orders

PopTarts Maker Kellanova Tops Estimates on Steady Demand, Higher Prices

US Law Firm Mayer Brown to Split from Hong Kong Partnership

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